The collateral is us

posted by
July 28, 2011
Future of Freedom Foundation
by Richard Schwartzman  
Posted in Commentary

"The witching hour is nigh and the threat of the U.S. defaulting on the federal debt is being bandied about as if it were the boogeyman. Fear mongers from the left and right both say the country will go belly up unless the debt ceiling is raised by the Aug. 2 deadline, that it will no longer be able to pay on its $14.3 trillion debt or honor other financial obligations unless it goes further into debt by borrowing more money." (07/28/11)

http://www.fff.org/comment/com1107v.asp  

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